Regulatory Alerts2012-02-16 | RG-233RG 233 Indirect self-acquisition: Relief for investment funds
The Australian Securities and Investments Commission issued Regulatory Guide 233 to explain conditional relief from indirect self-acquisition provisions under section 259C of the Corporations Act 2001. This relief applies specifically to investment funds and controlled entities of listed companies engaged in index arbitrage and client-driven activities involving baskets of securities. The guide also notes that applications for such relief must be submitted through the ASIC Regulatory Portal as of 27 July 2020.
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